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THE ATLANTA GEORGIAN AND NEWS. When List Is Down Is Time to Invest Your Money—Some Suggestions. By B. C. FORBES. When everythin/? is going to perdi tion. in\est vour rjionev • • • Let me tell a little story before I summon up courage to submit a list of good securities in response to many importunities to do so. * • • The country was suffering from a spell of rain that was threatening to ♦i^roy everything The farmers and ^fWntry folk* were becoming much ♦cfrled. Day after day the rain con tinued to fall. The inhabitants be ««n»-3 alarmed. They feared ruin. At last they grew panicky. What whs to he done? What could be done" • * • They called a prayer meeting Ev ery adult, male and female, attended The excitement was volcanic. The women wept, the men shook their heads and wrung their hands • • • The patriarch of the countryside, nearing 90 year* of age. alone was cairn. They turned to him to address them They even berated him for showing so little emotion • » * » * "Well, my children.' he began, T have lived longer than any of you. and in all my life I have never known but one rain that didn’t stop." • * • They were puzzled ‘‘When?'' "Which one was that?" they asked anxiously. * * • "That was this one— and T have all faith that it will stop, too." • • • With that he sat down The peo ple looked at one another foolish- v like, mumbled and muttered a little, then got up and went home. • • • And the rain? Yes. it did stop, just ns the old man was sure it would. • • • Now', when you read and are told that everything in this country is spinning toward wreck and ruin, that things arc all going to smash. Just recall the adamantine faith of the patriarch. Every period of bad times in the past has had an end—and the chances are that this one, too. will not last forever. No tree sends its branches quite to heaven or its roots quite to the other place . * * • / Please do not rush to the conclu sion, however, that T have performed a mental somersault, that 1 have sud denly concluded we are not to have depression, after all. * * • Were the probabilities otherwise investments could not be picked up at the extremely low prices now quoted • ♦ • Whether prices will go much lower no mortal can foretell. Very prob ably they will sag further There may conceivably be a sharp, painful upset. That is more likely than a boom • » • But the investor who buys outright can now select sound securities yield ing higher returns than have been available at any modern time with the exception of rare panic moments. Solely because beseeehed to do so 1 submit a varied list of bonds that are reckoned safe under ail reason able circumstances, and I also ap pend a number of high-grade stork* held in high regard as more or less speculative investments RAILROAD MORTGAGE BONDS Per cent Price. Yield. Union Pacific 1st mtg > 4 per t ent 94 % 4 % Chicago, Burlington and Quincy, joint 4 per cent 94 4 % Reading s^il. mtg 4 per cent 91 % 4 % At bison gnl. mtg 4 per cent 92 4% Ventral Pacific 1st and re funding 4 percent 90S 4% Baltimore and Ohio 1st mtg. 4 per cent... 90% 4 Missouri. Kansas and Tex as 1t*i mtg. 4 per cent.. 86 % 4 S CONVERTIBLE BONDS Penn. conv. 3% *per cent, 1915 97 V* 5% Union Pacific conv. 4 per rent 91 % 4% Baltimore and Ohio conv 4 V*. per cent 91 5 Erie conv. "B" 4 per cent 71S % Southern Pacific conv. 4 per cent 84% 4% MISCELLANEOUS BONDS. United States Steel 5 per cent 99 % 5 Ventral Leather 1st 5 per cent 96 5 V* American Telephone col. 4 per cent 85% 5% Brooklyn Rapid Transit 5 per cent * 99% 5 HIGH-GRADE STOCKS Pays. Yield, Price. P. C. P C. Atchison pfd. . .98V* 5 5.10 Balti. & Ohio pfd.80 4 5 Brooklyn Rap. Tr.87% 6 7 Del * Hudson .151% 9 6 <ir. Northern pfd. 126% 7 5.6(1 Pennsylvania . .108% 6 5.70 National Biscuit . 122% # 7 6 Am. Tobacco pfd. 101 % 6 5.90 U. S. Steel pfd .106% 7 6.70 General Electric .138 8 5.80 Norfolk & W. pfd. 85 4 4 70 Reading 2d pfd. . 86 T * 4 4.60 Did you notice that the value of this year's crops is not at all bpd? Glance at this sumtnarv: 1913. 1912. W heat . .$ 610.1*24.000 .$555,280,000 Vorn . . . 1.692.092.000 1,520,454.000 Oats . . . 439.596.000 452,469.000 Bariev . . 95.731.000 112,967.000 Potatoes . 227.903,00i» 212,550,00 •■'otton 797.841.000 780.224.000 Tobacco . 121,597,000 104.063.000 Hay 797.077.000 856.695,000 Eourteen crops foot up to the re- epe-table sum of $4 940.000.000, • • ■ iJon’t lose all faith in a counir hat can show a record of this kinu. WEALTH PRODUCTION ON FARMS. INCLUDING LIVE IStmlights GEORGIA POLITICS 4) James b.kotn on The annoumeci resignation of Judge Robert Pottle from the bench of the State L’ourt of Appeal*, for the very sufficient reason that the judge has found it impossible to live, in justice to himself and those depend ent upon him, upon the small salary paid, has aroused the State press anew to the crying injustice of an underpaid judiciary in Georgia, and prompts The Macon News to protest vigorously against the same. In Tuesday's News appears the following editorial: The Judges of the appellate courts of Georgia must be paid more money. II is a disgrace io the State that the Justices of the Court of Ap peals and the Supreme Court are not given salaries commensurate with their services and their ability. The Court of Appeals judges are paid less than the Superior Court judges of Atlanta. Macon ajid Augusta. No wonder they resign to re enter the practice of law Able lawyers can not be expected to sacrifice themselves and their families merely for the honor of occupying the bench. Invariably the men who are elected, or appointed, to the Ap pellate Courts are lawyers of dis tinction and large practice. They are at least lawyers of undoubted ability. Such men should not be asked to serfe as the highest judges of the State for such in adequate compensation. In the end this system will op erate to put judges of mediocre caliber on the bench. In New- Yofk State some judges are paid $17,600 per year, and it is not considered a bit too much. In Georgia excellent judges may be had for a great deal less money, but they should not he expected for the sa la l ies now paid. 'The next session of the Georgia Legislature should result in the raising of the Judges' pay. The protest against the present small pay of the judiciary in Georgia is growing stronger ami stronger. There is no doubt that a serious and com^rted effort will be made when the Legislature meets next sum mer to have the pay of the judges raised substantially, and it looks now as if success will crown the same The Governor is said to favor such action, and the bar of the State Is n unit In favor of it. The reappointment of Judson *'. Clements to the Interstate Commerce Commission, which has been du’v confirmed by the Senate of the United States, Is intensely gratifying Lm Georgia. v All factions of politics joined heart ily and sincerely in an appeal to the President not to put this distin guished and useful Georgian off tin- Commission- not only for Georgia's sake, but for the Commission’s sake no less. Judge Clements is the ranking member of the Commission, has served as its chairman, and unques tionably is the very highest authority in the United States on matters per taining to the work of that most im portant body. Congress as a whole realized the fatal error that would he Involved 1r. Judge Clements' dismissal, and par ticularly the Interstate and Foreign Commerce Committee of the Hous . This great committee, laying aside ill question of politics, appealed vigor ously to the President to retain Judee Clements. The pressure finally be came so great upon the President, that he yielded his contrary views und reappointed the Georgia man. Governor Glenn, of North Carolina, who had been slated for Judge Clem ents’ position on the Interstate, Con-- merce Commission p ill be named t. some other office, as the President is anxious to provide for him. This, too, will he gratifying to Georgians, as tho former Executive of the Tarheel St.ce is well known and genuinely liked In this State. While General Nash Is asking that General Obear s office inside the Sta.o Capitol be abolished, Thomas E. Wa:- son is as busy as can lx* asking that the entire military establishment bv? abolished and relegated to the shadr s of things thiU were And—well, if,the "red-headed one" isn't exactly pleading for the utter abolition of the militia, he, at least, is asking that it be thoroughly reor ganized from top to bottom, and he Views the entire l!fie-up with genuine a larrn. In a recent article ^Ir. Watson says Just now the German Empire 1* being convulsed because a young squirt of a -i/tenant. wearing the Kaiser’s sacred uniform, slashed the head of a crippled shoemaker, who had jeered at the little squirt. « Of course, the cripple should never have hooted at the uni formed squirt. The cripple should have pros trated himself before the Kaiser’s uniform, as the Switzers used to do when they saw' Gessler’s hat. Even a crippled shoemaker ^>f this day and time ought to know' 1hat Gessler’s hat has come bax k, and that all of us must bow down to the tyTant in uniform In other words; militarism has been resurrected; and we need an other William TeH to shoot an ar row into its arrogant heart. And then Mr. Watson proceeds in his Jeffersonian to roast the Georgia military establishment, particularly for some past "misdeeds," good and proper, and to wonder how long this thing i«r to continue, and w hither are we drifting, anyway! Indeed, up one side and down t'<e other, the Georgia militia seems to be having a real pleasant time with Itself nowadays, inside the family and out! President Foule, of the State College of Agriculture, has just received a let ter stating that the valuable services of L. c. Corbett, of the Bureau of Plant Industry, ai*u F. (\ Ward, of the Bureau of Animal Industry of the United States Department of Agricul ture. would he available as speakers on the programs ofj the meetings of i he Georgia Breeders’ Association January 17, the Georgia dairy and live stock meetings January 19 anJ 20. and the Georgia Horticultural So ciety January 20 am 21. These and other notable speakers w'ho are being obtained for the thr'‘e meetings promise to make this one of 1he most successful years of these or ganizations. STOCK GOSSIP. The New York Financial Bureau: * Realizing may produce reactionary 1 -pdency to-day. but recessions will of- f*r good buying opportunities." * * * The New York Commercial: "Mis- h -nrI Pacific is paying for past sins in financing." * * * The New York Herald: “It is fair 1 to assume that the increased demand for bonds will show improvement in s oeks." ♦ * * The New York Wall Stree.t Journal: *'I’raders are inclined to work for a re- t> tion on the ground that one is due after three, days of advancing prices." * * * The New York Sun "The market feels some effect of distributive or real izing sales, which influence a reaction ary tone." * « * G. I). Potter says: ’There may be some profit taking by traders on account of tho holiday, hut the new currency law' is very' bullish and will do much to re store prosperity. On any weakness would buy stocks, preferring the active issues. I hear that Interhoro preferred is going to advance sharply by Janu ary 1." * * * Bank of Fhgland rate unchanged. * * • Erie has laid off 6.000 shop employ ees during the last 30 days. * * * 'Plie Standard Oil Company of Ken tucky declares 200 per cent cash divi dend. • * * , Stockholders of defunct National Bank of North America appoint com mittee to protect their interests. * • • New association of stock exchange partners will hold a meeting January 7 to discuss purpose of organization and receive suggestions from exchange mem bers. COTTON STOCKS NT?W YORK, ffc. 24 — In response to itrength in Liverpool cables the cotton market opefied stefcdy to-day with first prices at a net advance of 2 to 10 points from Tuesday’s close. There was con siderable covering in Liverpool for the Christinas holidays. Trade interests continued to buy here, and there was evidence of outside speculation. Cloudy weather ana rain was reported over the greater part of the belt, which helped the advance along T After the call there was unloading of Christmas cotton and January and July lost about 5 points from tlie opening Other positions, however, held firm. I*ater the market allowed additional strength on further rq/dstance if Uiv- erpooi and there was an inclination on the part of ring shorts to cover Re ports that spot demand was increasing served to make sellers go slow and dur ing the forenoon the list stood 10 to 13 points higher than the previous close. NEW YORK COTTON. ..Ill Urev. lOoen'Hlgh !T^>w Noon! Close Dec . . . 12. 2ft 12. 23 12. 20 12. 23 12. 13-16 Jan. . . j: ,04 12. lv 12. 00 1 2 >4)9 11 . .97- 99 Keb. 12 .01- 05 Mcli . i2 25 iz. 34 12. 25 12. 32 12 .22- 23 April 12. .18 -20 May , 12 .24 1^. 29 12. 24 12 28 12. .18- 19 June .. 12, .18- 20 July . . 12 .29 12 .30 12 .24 12. 291 12. .19- 20 Auk . . 12. 03 12 10 12. 02 12. 10 11 .98- 12 Sept 11 .71- Oct. 11. 59- 60 NEW ORLEANS COTTON. 1 1 1 1 1 Prev jOpenjHIgh ILowfNoon) Clos« Dec. 12.38 12.36 12.28 12.35 12.30 Jan . , , 12.34 12.36’ 1 2.32 12.36 12.30-31 Feb. . _...! 1 12.35-37 Mch . ff 60 12.65 12.59 12.64 12.55-56 April . 12.56-58 May 12.72 12.7« 12.71 12.76 12.07-08 July 12.70 12.80 12.76 12.80 12.71-73 Oct. . . I | |.. . . 11 .60 By CHARLES W. STORM. NEW YORK, Dec. 24.- The effect of the enactment of the currency bill hav ing been discounted, the security list at the opening of the stock market to-day showed only fractional changes, while the undertone was quiet to steady. I'tilted State* Steel began % higher, then lost its gain and receded %. Amal gamated Copper, after opening un changed. advanced %. American Can gained %, while the same amount of gain was recorded by Southern Pacific and New Haven. American Telephone and Telegraph was heavy, declining from to %. Ca nadian Pacific began % up, but then sold off. Reading was about the strong est Issue, advanc ing % on buying, based on the belief that this company would enter into an agreement with the Gov ernment for voluntary segregation, as was done by the American Telephone Company. Transactions were light, many traders being away for the Christmas holidays Among the declines were Norfolk and Western %. Pennsylvania %, Baltimore and Ohio %, New # York Central %. There will be no session of the market to-morrow. The curb market was quiet. Americans in London were steady. Stock quotations to noon: Previous STOCKS— High. Low. Noon Close Antal. Copper. 73 American Can 30 do. pref.. nerican let Am. Sug. Ref. 10' Am. T.-T. Anaconda Atchison , B. and O. GRAIN CHICAGO, Dec. 24.—Wheat opened steady to %c lower to-day on account of an easy opening at Liverpool. Lo cal selling was small. The trade In corn was light and of a scattered sort, but prices were'steady to %<• higher. Oats were firm and business In this pit was of a holiday kind. Prbvisions were steady. Oregon Pine Mailed To Oklahoma Town KLAMATH FALLS, OREG.. Dec. 24.—A baby Christmas tree, taken from a forest in this vicinity, was shipped by parcel post to his brother at Cherokee, Okla., by Postmaster W. A Delzell. CHICAGO GRAIN MARKET. Grain quotations to noon: Previous High. Low. Noon. Close. WHEAT— Dec... 87% 87*4 87 4, 878. May 00 a . 30!* 90 s . 90>. July 87>. 87 87>» 87 CORN— Dec 70 6« ! '„ 69\ 69% May 69 ^ 69 3* 69 >4 69V 2 July.. 69 l s 68% 68% 69 OATS— Dec 39 May 41 Va 4 1 S 41% 4114 July.. 40 7 » 40-4 40% 41 PORK— Jan. 20.50 20.50 20 50 20.45 May. . 20.92Vs 20.92)4 20.92V4 20.87)4 LARD— Jan . . 10.67% 10.62)6 10.67% 10.65 May. . . 1.1.02% 11.02^ 11.02)4 11.00 RIBS — Jan . 10.80 10.77)4 10.8ft 10.77)4 May.... 11.12)6 11.10 11.12)4 11.07)4 BAR SILVER. IiONDON. Dec. 24.— Bar silver quiet at 26 11-16H. NEW YORK. Dec. 24.—Commercial bar silver. 57)4; Mexican dollars, 44)4c. Edison ‘Bribes' a Boston Man to Wed BOSTON, Dec. 24.—Thomas Ed . ison has acted as Cupid for Theodors C. Haffcnreffer, to whom he presente 1 his signed photograph on condition that Mr. Haffenreffhr, manager of a brewing company, choose a wife T , final conditions have not yet fulfilled. CASTOR IA For Infants and Children The Kind You Have Always Bought Bears the Signature of LIVERPOOL COTTON MARKET. LIVERPOOL. Dec. 24.—Due % point higher on December and 1% to 2% point* higher on late positions this mar ket opened steady, 5% to 7 points net higher. At 12:15 p. m. the market was t> eady. 5 to 7*4 points higher. I>ater the market advanced *4 point# from 12:16 p. m. Spot cotton 11 points higher; middling. 7 02d; sales, 8.000 bales, including 7,300 American. At the close the market was steady vith prices At a net advance of 5 to 7Vz points from the final quotations of Tues day. Futures opened steady. T*rer. 2PM Close. Close Dec . .6.69)4 6 68 6.63' Dec.-Jan . . .6.70 6.68)4 6.63 Jan.-Feb . .6.7! 6.71 6.69)4 6.64 Feb-Mch. . . .6.73)4 6.73)4 6.72 6.66 Mcb.-Apr. . . .6.74 6.75 6.74 6.68 April-May . . .6.74 6.75 6.74 6.67)4 Mav-.June . . 6.73 6.74 V4 6.72)4 6.67 June-July . . .6.71 6 72 6.71 6.64)4 July-Aug. . . .6.68 6 68)4 6.68 6.67)4 Aug.-Sept. . . 6 58 * 6.58 6.57)4 Sept.-Oct. . .6.37 6.41 6 33 y 3 Oct.-Nov. . .6.31 6.31 Closed steady. LIVE STOCK. 6.32 0.24)4 do. pref. Gen. Electric. 140 Interboro . do, prel L. Valley. . . 154 Mo. Pacific X. Y. Centra] 92 N. and W. No. Pacific . . 109 Penna. . i Reading . R. I. & S., pfd 81 TSock Island . 133% So. Pacific. St. ^au! . nion Pac U. ' 8. Steel do, pref Utah Copper . 49% V. -C. Chem. . 28 Wabash. . . . 25% tv. Union. W. Electric 73 72 72% 72% 30 29!, 30 29% 89U 89'i 89% 84% 23‘* 237, 23% 23% 107 10«H 106% 105% 122% 122>i 122% 122% 35 33 36 35 94 •»3h 93% 93% 92)4 91 92% 92% 210)4 2089, 209% 210% 18% 38!4 >8% 18% 28% 28», 28% 28% 44% 44% 44% 140 140 140 140 15 15 15 15 60% 00 60 60% 154 l5:)4f 153% 153% 22 21H 21% 22 92 9114 92 92% 103% 10214 102% 103% 109 109 109 108% 109% 108 1 , 1091* 109 187% 1668, 167% 166% 81 f 1 81 81 133% 13% 14 89% 89 89% 90 100% 99% 99% 100% 155 15414 154% »154% 59 5894 58% 58% 106% 106 103 105% 49% 49 49 48% 28 38 28 27% 25% 25!, 26 1 % 25% 56% 564, 56% 56 65 65 65 65 CffICAGO, Dfh- 24. -Hogs: Receipts, 23,000; market 10 to 15c higher; mixed and butchers, 7.55(&7.95: good heavy, 7.80(jx7.90; rough heavy, 7.50^/7.70; light. 7.66^7.85; pigs. 5.90(Jt7!35; bulk, 7.70$i) 7.85. Cattle: Receipts. 7.000; market 10c higher; beeves^ 6.75(ft'9.60; cows and heifers. 3.25(b8.10; stockers and feeders, 6.50(Ji7.40; Texans, 6.40@7.70; calves, 8.50 it 11.00. Sheep: Receipts, 12.000: market strong, native and Western. 3.00@5.40; lambs. 5.75<&8.10. ST. LOUIS. Dec. 24— Cattle: Re ceipts, 1.000. including 125 Southerns; market steady; native beef steers, 7.60< r q> 9.75; cows and heifers, 4*.25(&)8.50; stock ers and feeders. 5.00^7.50; calves, 6.00 fa? 11.00; Texas steers, 5.76(§7.00. cows and heifers. 4.00^6.00. Hogs: Receipts. 5.500: market 5c higher; mixed. 7.65^7.95: good. 7 8.00; rough. 7.40<a7.60; lights. 7.60@7.90; pigs. 6.50$/'7.25: bulk. 7.55G/7.90. Sheep: Receipts. 1,700; market steady; muttons. 3.75^)5.00; yearlings. 6.00@ 7.15; lambs. 5.00(0)8.25 Xmas Gift Spurned ,He Shoots Wife and Self BALTIMORE. Dec. 24.—Because his wife refused to accept a gold watch and chain from him as a Christmas present. Walter Grimes shot and mortally wounded her and then killed himself. GRAIN NOTES. The Chicago Inter Ocean says: "Bulls say that should a break come they look for corn to sell higher than ever later on. believing in the supply and de mand theory. They assume that the big receipts will be over inside of a week and that the market is in a con dition to be heavily oversold. "Traders in wheat pit all day yester day said the late weakness was due more to selling by tired longs than to any new development in the general sit uation." IT JTCWELER8 A BROKERS Wl Peters Bldg 4f Money t® I»an Phone Main 228 STRICTLY PRIVATE. PEARL OPERA GLASSES tor $5 at Jno. 14. Moore & Sons. Fine assortment. The Gift that is always appreciated. Jno. I#. 6\Ioore & Sons, 42 N. Broad St.—Advt. ROUND TRIP HOLIDAY FARES BETWEEN POINTS IN SOUTHEAST VIA THE WEST POINT ROUTE. Ticket* on sale December 17, 18, 19. 20. 21. 22. 23. 24. 25 and 31. 1913: also January 1, 1t14; return limit January 6. 1914. For all Information, write to or call on J. P. BILLUPS, General Passenger Agent; F. M. THOMPSON. District Passenger Agent. Atlanta, Ga. Advt. 1912 .. o i uu r\, c i l $9,209,000,000 ' 1911 . . . S 819,000,0011 ; i91ft ... 9.037.000,000 1909 S 498.000,000 ; i 908 7.891,000.000 J 19". . T 488,000,000 1 1 9<'6 . 6. 764,00ft 19ft.. . . 6.274.000.000 j ; 9ft4 . . . . . 6.122 000,000 | 19’ 3 . D,8!t7,O«0,ft00 1 Wilton Jellico Coal $5.00 PER TON The Jellico Coal Co. 82 PEACHTREE ST. Atlanta Phone 3668 Bell Phone ivy 1585 rJ Ch ristmas Dinner At DURAND’S ONE DOLLAR 12 to 3 P. M. and 6 to 8:30 P. M. MENU Grapefruit, Supreme Essence of Chicken en Tasse Crisp Celery Hearts Spanish Olives Oysters a la New berg in Caises Cafe Durand Punch Roast Young Turkey Chestnut Dressing Cranberry Sauce Candied Sweet Potatoes ’ Steamed Rice Frflit Salad on Lettuce Leaf Neapolitan lee Cream Fruit Cake Cream Cheese Educator Crackers Demi Tasse After Dinner Mints 12 lo 3 p. ni. and (i to 8:30 p. in. Christmas Dinner. CAFE DURAND Peachtree and Edgewood Avenue XMAS RATES Reduced over N., C. & St. L. Ry. and W. & A. R. R. Appiy any Agent. HRISTMAS GIFTS which are the pick of New York s Offering How pleased you would be to find “fust what you ivant" for Christmas gifts, as if by inspiration I Row much better than to go through the tiresome process of elimination to finally decide upon “the only thing left." You will find your ultimate gifts in the December issue of Harper’s Bazar. Here are four hundred photograph* of new and unusual ones, with the descrip tion, price of each and where to get It— gifts that a man I* really eager to receive, silver which will delight a hostess, gifta where service and beauty are combined There is a special page of gifts for the “woman who has everything.’’ You will find gifts of lower price arranged conveniently: a page of $1,00 gifts of ex ceptional vslne, a page of unusual ones at $2.00, for $3.00 an assortment of novelties that will charm you, and the $5.00 list con tains gifts that are especially attractive. The editors of the Basar took weeks to look up Just the things you would decide upon in the end. Here are the ideas you have been racking your brain for and here la the easiest possible means of get ting the things you decide upon. Get this issue of the Bazar From It make your choice —then get the gifts by writing direct to the firm or by sending in your list to the Harper’s Bazar Personal Shopping Service. You will save yourself trouble and worry and will be able to give unusual, individual articles. The December Harpers Bazar At all newsdealer’s 15 cents $1.50 a year I Special Notice Hearst's American and Atlanta Georgian's Christmas Distribution and School Children's Con test will close promptly at 9 o’clock to night, Wednesday, December 24th, Warning All subscriptions must be verified by the circu- lation department before prizes can be distributed, Turn your subscriptions in early and aid us in mak ing the awards at an early date.